by President Donald Trump has said that he is planning to impose a series of rates on goods that enter the US from 14 countries, including Japan and South Korea.
The last escalation on the global trade by Trump came when the 90-day break that the White House had placed on some of the most aggressive import taxes would expire.
The president announced plans for a tax of 25% on products that enter the country from Japan and South Korea and shared a number of other letters to world leaders who warned of taxes that start from 1 August.
Higher rates were set to get into force on July 9, after they were previously suspended with officials from the White House and said they would like to look at trade agreements.
On Monday, Trump shared letters about leaders of 14 countries on social media and informed them about his last tariff plans, while adding that the rates could be “up or down, depending on our relationship with your country”.
Most of the rates set out by Trump were broadly the same as he had put forward in April, when he made his announcement “Liberation Day”, threatening a wave of new taxes on goods from different countries.
The president argues that the introduction of rates will protect American companies against foreign competition and also stimulate domestic production and jobs.
But economists say that the measures will increase prices in the US and lower trade. The three most important stock indexes in the US went out on Monday, with the American listed shares of Toyota with 4%.
Japan sent more than $ 148 billion in goods to the US last year, making it the fifth largest import supplier, after the European Union (EU), Mexico, China and Canada, according to American trade data. South Korea was also in the top 10.
Naast Zuid -Korea en Japan stelde Trump maandag plannen uit voor een tarief van 40% op goederen uit Myanmar en Laos, een tarief van 36% op goederen uit Thailand en Cambodja, een tarief van 35% op goederen uit Servië en Bangladesh, een tarief van 32% op Indonesië, een tarief van 30% uit Zuid -Afrika en een 25% tarief en een 25% tarief en een 25% tarief en een 25% tarief And a 25% rate and a 25% rate of goods from Malays and Tunisia.
White House Pers Secretary Karoline Leavitt said that more letters could follow in the coming days.
She disputed the suggestion that the shifting tar loveadlines from 9 July to 1 August can reduce the power of Trump’s threats.
“The phone’s phone, I can tell you, always surpassed the hook of world leaders who beg him to come to a deal,” she said.
When the president first announced a series of steep rates in April, the unrest broke out on the financial markets, which led to the president suspended some of the highest tasks to allow conversations, while discussing a 10% levy.
‘Busy few days’
Treasury secretary Scott Bessent said he expected “a busy few days”.
“We had many people change their number in terms of negotiations. So my mailbox was full of new offers last night, many new proposals,” he told the American business broadcaster CNBC.
Trump initially described his rates in April as “mutual” and claimed that they were obliged to fight back against the trade rules of other countries that he considered unfair to American exports.
He has announced rates for important sectors, such as steel and cars, with reference to national safety problems and endangered taxes on other items, such as medicines and wood.
The multi-layered policy has complicated trade discussions, with car rates an important bottleneck in negotiations with Japan and South Korea.
Until now, the US has concluded agreements with the VK and Vietnam, as well as a partial deal with China. In all three cases, the agreements have increased rates compared to levels before Trump returned to the White House, while important issues remain unsolved.
The US said that a deal with India is close by.
The EU is also conversations, with reports that suggested that officials in the block did not expect to receive a tariff letter. A spokesperson for the EU also said that the President of the European Commission Ursula von der Leyen had a “good exchange” with Trump.
Only a few weeks ago the US President had threatened the EU with a tax of 50% unless it reached an agreement.
Last week Trump said that Japan could get a rate of “30% or 35%” if the country could reach a deal with the US on Wednesday.
